Elon Musk , Sells $6.88 Billion , in Tesla Shares.<br />NBC reports that Elon Musk <br />has sold 7.92 million shares of Tesla <br />for an estimated $6.88 billion. .<br />NBC reports that Elon Musk <br />has sold 7.92 million shares of Tesla <br />for an estimated $6.88 billion. .<br />The transactions were revealed <br />through a series of financial <br />filings published August 9.<br />According to SEC filings, Musk sold the shares <br />shortly after Tesla's 2022 annual shareholders <br />meeting on August 4 in Austin, Texas.<br />The decision to sell those stocks comes <br />amid a contentious legal battle over his <br />$44 billion bid to purchase Twitter.<br />The decision to sell those stocks comes <br />amid a contentious legal battle over his <br />$44 billion bid to purchase Twitter.<br />In July, Musk terminated the deal, accusing Twitter <br />of failing to provide information and understating <br />the number of bots on the social media platform.<br />In July, Musk terminated the deal, accusing Twitter <br />of failing to provide information and understating <br />the number of bots on the social media platform.<br />In response, Twitter has sued <br />Musk to complete the deal <br />for the promised $44 billion. .<br />In response, Twitter has sued <br />Musk to complete the deal <br />for the promised $44 billion. .<br />According to NBC, this would <br />represent a windfall for many <br />of Twitter's shareholders.<br />According to NBC, this would <br />represent a windfall for many <br />of Twitter's shareholders.<br />Musk reportedly said that he would purchase <br />some of his Tesla shares back if he <br />doesn't have to complete the Twitter deal.<br />Musk reportedly said that he would purchase <br />some of his Tesla shares back if he <br />doesn't have to complete the Twitter deal.<br />NBC reports that Musk has also suggested <br />that he is considering launching his <br />own social platform, X.com.<br />NBC reports that Musk has also suggested <br />that he is considering launching his <br />own social platform, X.com.<br />Following news of Musk shedding <br />Tesla stock, shares in the company closed <br />at $850, down over 2% for the day. .<br />Following news of Musk shedding <br />Tesla stock, shares in the company closed <br />at $850, down over 2% for the day.
